TRINET GROUP, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $155.0M | $173.0M | $375.0M | $355.0M | $338.0M | $272.0M | $212.0M | $192.0M |
| Depreciation & Amortization | $66.0M | $75.0M | $72.0M | $64.0M | $54.0M | $47.0M | $46.0M | $46.0M |
| Depreciation | $5.0M | $7.0M | $9.0M | $10.0M | $9.0M | $9.0M | $41.0M | $35.0M |
| Amortization | $61.0M | $68.0M | $63.0M | $54.0M | $50.0M | $38.0M | $5.0M | $5.0M |
| Stock-Based Compensation | $65.0M | $65.0M | $59.0M | $62.0M | $50.0M | $43.0M | $41.0M | $44.0M |
| Net Cash from Operating Activities | $303.0M | $279.0M | $539.0M | $497.0M | $218.0M | $546.0M | $471.0M | $-104.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $69.0M | $78.0M | $75.0M | $56.0M | $40.0M | $36.0M | $45.0M | $43.0M |
| Business Acquisitions | — | $0 | $0 | $229.0M | $0 | $12.0M | — | $258.0M |
| Net Cash from Investing Activities | $-43.0M | $153.0M | $-70.0M | $-226.0M | $-135.0M | $-151.0M | $-188.0M | $-200.0M |
| Financing Activities | ||||||||
| Dividends Paid | $52.0M | $37.0M | $0 | $0 | — | — | — | — |
| Stock Repurchases | $183.0M | $183.0M | $1.12B | $523.0M | $94.0M | $178.0M | $140.0M | $61.0M |
| Net Cash from Financing Activities | $-49.0M | $-207.0M | $-540.0M | $-471.0M | $12.0M | $-208.0M | $-176.0M | $-85.0M |
| Net Change in Cash | $211.0M | $225.0M | $-71.0M | $-201.0M | $95.0M | $187.0M | $107.0M | $-389.0M |
| Free Cash Flow | $234.0M | $201.0M | $464.0M | $441.0M | $178.0M | $510.0M | $426.0M | $-147.0M |